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Mudra Financial Services Q2 FY27 results: net profit ₹0.48 crore vs ₹0.02 crore, revenue flat
Mudra Financial Services Ltd reported standalone net profit of ₹0.48 crore in Q2 FY27, up from ₹0.02 crore in Q2 FY26 and ₹0.13 crore in Q1 FY27. Revenue was ₹0.29 crore, while other income of ₹0.46 crore and lower expenses supported profit, although EBITDA margin fell to 28.8% from 56.8% in the previous quarter.
Key points
- Q2 FY27 revenue was ₹0.29 crore, unchanged from Q2 FY26 but down from ₹0.32 crore in Q1 FY27.
- Net profit was ₹0.48 crore, compared with ₹0.02 crore in Q2 FY26 and ₹0.13 crore in Q1 FY27.
- EBITDA was ₹0.08 crore and the EBITDA margin was 28.8%, against 6.2% in Q2 FY26 and 56.8% in Q1 FY27.
- Basic EPS was ₹0.96, up from ₹0.03 in Q2 FY26 and ₹0.26 in Q1 FY27.
- H1 FY27 revenue was ₹0.61 crore and total income was ₹1.07 crore, while profit for the period was ₹0.61 crore.
How did Mudra Financial Services perform in Q2 FY27?
Mudra Financial Services reported standalone revenue of ₹0.29 crore in Q2 FY27, unchanged from Q2 FY26 and lower than ₹0.32 crore in Q1 FY27. EBITDA was ₹0.08 crore, with a margin of 28.8%, compared with ₹0.02 crore and 6.2% in Q2 FY26. Against the previous quarter, EBITDA was ₹0.18 crore and the margin was 56.8%.
Profit before tax was ₹0.54 crore in Q2 FY27, up from ₹0.02 crore in Q2 FY26 and ₹0.18 crore in Q1 FY27. Net profit was ₹0.48 crore, compared with ₹0.02 crore a year earlier and ₹0.13 crore in the previous quarter. Basic EPS was ₹0.96, versus ₹0.03 in Q2 FY26 and ₹0.26 in Q1 FY27. The results are standalone figures; no consolidated quarter figures were given.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.29 | 0.32 | 0.29 | +0.0% | −9.4% |
| Other income | 0.46 | 0 | 0 | ||
| Total expenses | 0.21 | 0.14 | 0.27 | −22.2% | +50.0% |
| EBITDA | 0.08 | 0.18 | 0.02 | +300.0% | −55.6% |
| EBITDA margin | 28.8% | 56.8% | 6.2% | +22.6 pp | −28.0 pp |
| Profit before tax | 0.54 | 0.18 | 0.02 | +2600.0% | +200.0% |
| Tax | 0.06 | 0.05 | 0 | +20.0% | |
| Net profit | 0.48 | 0.13 | 0.02 | +2300.0% | +269.2% |
| EPS (₹) | 0.96 | 0.26 | 0.03 | +3100.0% | +269.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Mudra Financial Services' costs and profit?
Other income was ₹0.46 crore in Q2 FY27, compared with no other income in Q2 FY26 and Q1 FY27, while total income was ₹0.75 crore against ₹0.29 crore in both comparison periods. Total expenses were ₹0.21 crore, down ₹0.06 crore from ₹0.27 crore in Q2 FY26 but up ₹0.07 crore from ₹0.14 crore in Q1 FY27.
Employee cost was ₹0.20 crore in Q2 FY27, down ₹0.01 crore from ₹0.21 crore in Q2 FY26 and up ₹0.07 crore from ₹0.13 crore in Q1 FY27. Other expenses were ₹0.03 crore, down ₹0.03 crore from ₹0.06 crore a year earlier and up ₹0.01 crore from ₹0.02 crore in the previous quarter. Finance costs and depreciation were unchanged, and there was no exceptional item.
Tax expense was ₹0.06 crore in Q2 FY27, against no tax in Q2 FY26 and ₹0.05 crore in Q1 FY27. The available figures show that higher other income and lower year-on-year expenses accompanied the rise in profit, but the filing does not state the reasons for the change in other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.20 | 0.21 | −0.01 | −4.8% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.03 | 0.06 | −0.03 | −50.0% |
| Total expenses | 0.21 | 0.27 | −0.06 | −22.2% |
| Other income | 0.46 | 0 | +0.46 | |
| Tax | 0.06 | 0 | +0.06 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue was ₹0.61 crore, up from ₹0.55 crore in H1 FY26. Total income was ₹1.07 crore against ₹0.55 crore, while profit before tax was ₹0.73 crore compared with ₹0.15 crore. Profit for the period was ₹0.61 crore, against ₹0.11 crore, and basic EPS was ₹1.22 versus ₹0.22. Revenue growth was 10.9%, while profit for the period rose 454.5%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.61 | 0.55 | +10.9% |
| Profit before tax | 0.73 | 0.15 | +386.7% |
| Net profit | 0.61 | 0.11 | +454.5% |
| EPS (₹) | 1.22 | 0.22 | +454.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹11.53 crore as on 30 September 2026, up from ₹10.9 crore as on 31 March 2026. Total equity was ₹11.35 crore, compared with ₹10.73 crore. Cash was ₹0.09 crore against ₹0.13 crore. Borrowings were not given in the available figures, so the change in borrowings cannot be stated.
For H1 FY27, operating cash flow was ₹4.63 crore, compared with ₹0.73 crore in H1 FY26. Investing cash flow was a cash outflow of ₹4.67 crore, against no investing cash flow in H1 FY26. Financing cash flow and capital expenditure were unchanged, and the closing cash figure was not provided.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 11.53 | 10.90 |
| Total equity | 11.35 | 10.73 |
| Cash and equivalents | 0.09 | 0.13 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 4.63 | 0.73 |
| Cash from investing | −4.67 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Mudra Financial Services done over the last 8 quarters?
Revenue reached ₹0.32 crore in Q1 FY27, its highest level in the eight-quarter trend, before falling to ₹0.29 crore in Q2 FY27. Q4 FY26 was the lowest at ₹0.19 crore. Profit for the period moved from a net loss of ₹0.14 crore in Q4 FY25 to ₹0.48 crore in Q2 FY27, the highest profit in the trend shown.
The EBITDA margin peaked at 56.8% in Q1 FY27 and fell to 28.8% in Q2 FY27. It bottomed at -125.7% in Q4 FY25. Profit for the period rose year on year in each of the last two quarters, before increasing from ₹0.13 crore in Q1 FY27 to ₹0.48 crore in Q2 FY27.
How did other Other Financial Services companies do?
Fifteen other Other Financial Services companies had filed results for this quarter by 4 November 2026. Their median revenue growth was -19.6%. Of these companies, 10 grew more slowly than Mudra Financial Services and 5 grew faster. Among 27 companies for which profit was compared, 12 reported higher profit.
| Mudra Financial Services revenue growth (YoY) | +0.0% |
|---|---|
| Median of 15 other Other Financial Services companies | −19.6% |
| Companies with slower revenue growth than Mudra Financial Services | 10 of 15 |
| Companies with faster revenue growth than Mudra Financial Services | 5 of 15 |
| Companies whose net profit rose | 12 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Mudra Financial Services' revenue in Q2 FY27?
Revenue from operations was ₹0.29 crore, down 0.0% from ₹0.29 crore in Q2 FY26 (standalone).
Did Mudra Financial Services make a profit in Q2 FY27?
Yes. Net profit was ₹0.48 crore, against a net profit of ₹0.02 crore in Q2 FY26.
What was Mudra Financial Services' EPS in Q2 FY27?
Basic earnings per share were ₹0.96, against ₹0.03 in Q2 FY26.
When did Mudra Financial Services announce its Q2 FY27 results?
On 13 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting To Be Held On Tuesday, October 13, 2026. (BSE, 6 October 2026) · PDF
- Board Meeting Outcome for For Meeting Held On Tuesday, October 13, 2026. (BSE, 13 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended On September 30, 2026. (BSE, 13 October 2026) · PDF
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